UNIT 1

REVIE
W
 WHAT WAS COVERED
• HISTORY • RELATIONSHIPS AMONG PROJECT, PROGRAM
• Project Management from as early as the first man AND PORTFOLIO MANAGEMENT
• Large scale projects – major military project
• STAKEHOLDER
• Increase in technology, access and use of project has greatly
increased in modern time • ORGANIZATIONAL STRUCTURES
• Functional Organization
• DEFINITION & CHARACTERISTICS OF A PROJECT
• Matrix Organization
• Unique
• Projectized Organization
• One-time activity with a well-defined set of desired end results
• Importance
• PROJECT LIFE CYCLE
• Life cycle with finite duration • Initiating

• Interdependencies • Planning

• Limited resources • Executing

• Conflict • Monitoring & Controlling
• Closing
• NONE PROJECT & QUASI PROJECTS
• CONCEPT & RELATIONSHIP BETWEEN PROJECT MANAGEMENT, • KNOWLEDGE AREAS
OPERATIONS MANAGEMENT, AND ORGANIZATIONAL STRATEGY • TRIPLE CONSTRAINT